ART-FABRICS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ART-FABRICS
Largest movements
- Cash -€49,544
down €49,544 (-46.7%), from €106,120 to €56,577
mainly Other debts (-€17,615) and Contributions, distributions and other (-€16,832)
- Receivables within one year +€15,824
up €15,824 (+80.7%), from €19,613 to €35,438
of which Trade receivables: +€26,013
- Other debts -€17,615
down €17,615 (-29.4%), from €59,827 to €42,213
- Reserves -€7,870
down €7,870 (-6.2%), from €127,532 to €119,662
- Tax, wage and social debts -€6,563
down €6,563 (-100%), from €6,563 to €0
- Debts after one year -€5,350
down €5,350 (-66.0%), from €8,102 to €2,752
- Trade debts +€3,502
up €3,502 (+802%), from €437 to €3,938
- Gross operating margin -€8,692
down €8,692 (-29.6%), from €29,371 to €20,678
- Taxes -€2,247
down €2,247 (-33.0%), from €6,813 to €4,566
- Depreciation +€933
up €933 (+12.7%), from €7,369 to €8,303
- Other operating charges -€410
down €410 (-56.0%), from €732 to €322
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €226,211 | €192,515 | -€33,696 | -14.9% |
| Fixed assets | 21/28 | €25,076 | €25,579 | +€502 | +2.0% |
| Tangible fixed assets | 22/27 | €25,076 | €25,579 | +€502 | +2.0% |
| Plant, machinery and equipment | 23 | €519 | €5,697 | +€5,178 | +998% |
| Furniture and vehicles | 24 | €955 | €3,000 | +€2,044 | +214% |
| Leasing and similar rights | 25 | €23,602 | €16,882 | -€6,720 | -28.5% |
| Current assets | 29/58 | €201,135 | €166,936 | -€34,199 | -17.0% |
| Amounts receivable after more than one year | 29 | €72,460 | €72,460 | = | 0.0% |
| Other amounts receivable | 291 | €72,460 | €72,460 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,613 | €35,438 | +€15,824 | +80.7% |
| Trade receivables | 40 | €3,761 | €29,775 | +€26,013 | +692% |
| Other amounts receivable | 41 | €15,852 | €5,663 | -€10,189 | -64.3% |
| Cash at bank and in hand | 54/58 | €106,120 | €56,577 | -€49,544 | -46.7% |
| Deferred charges and accrued income | 490/1 | €2,941 | €2,462 | -€479 | -16.3% |
| Total equity and liabilities | 10/49 | €226,211 | €192,515 | -€33,696 | -14.9% |
| Equity | 10/15 | €146,132 | €138,262 | -€7,870 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,532 | €119,662 | -€7,870 | -6.2% |
| Distributable reserves | 133 | €127,532 | €119,662 | -€7,870 | -6.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,079 | €54,253 | -€25,826 | -32.3% |
| Amounts payable after more than one year | 17 | €8,102 | €2,752 | -€5,350 | -66.0% |
| Financial debts | 170/4 | €8,102 | €2,752 | -€5,350 | -66.0% |
| Amounts payable within one year | 42/48 | €71,978 | €51,501 | -€20,477 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €5,151 | €5,350 | +€199 | +3.9% |
| Trade debts | 44 | €437 | €3,938 | +€3,502 | +802% |
| Suppliers | 440/4 | €437 | €3,938 | +€3,502 | +802% |
| Taxes, remuneration and social security | 45 | €6,563 | €0 | -€6,563 | -100% |
| Taxes | 450/3 | €6,563 | €0 | -€6,563 | -100% |
| Other amounts payable | 47/48 | €59,827 | €42,213 | -€17,615 | -29.4% |
| Non-recurring operating income | 76A | €154 | €0 | -€154 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,369 | €8,303 | +€933 | +12.7% |
| Other operating charges | 640/8 | €732 | €322 | -€410 | -56.0% |
| Gross operating margin | 9900 | €29,371 | €20,678 | -€8,692 | -29.6% |
| Operating profit (loss) | 9901 | €21,269 | €12,054 | -€9,216 | -43.3% |
| Financial income | 75/76B | €2,997 | €2,923 | -€74 | -2.5% |
| Recurring financial income | 75 | €2,997 | €2,923 | -€74 | -2.5% |
| Financial charges | 65/66B | €1,565 | €1,450 | -€116 | -7.4% |
| Recurring financial charges | 65 | €1,565 | €1,450 | -€116 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €22,701 | €13,528 | -€9,174 | -40.4% |
| Income taxes | 67/77 | €6,813 | €4,566 | -€2,247 | -33.0% |
| Profit (loss) for the period | 9904 | €15,888 | €8,962 | -€6,927 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,888 | €8,962 | -€6,927 | -43.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.